SG Americas Securities LLC Buys 23,235 Shares of Gannett Co., Inc. (NYSE:GCI)

SG Americas Securities LLC lifted its holdings in Gannett Co., Inc. (NYSE:GCIGet Rating) by 15.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 176,805 shares of the company’s stock after purchasing an additional 23,235 shares during the period. SG Americas Securities LLC owned about 0.12% of Gannett worth $797,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Veriti Management LLC bought a new position in shares of Gannett in the 1st quarter worth approximately $48,000. Janney Montgomery Scott LLC lifted its stake in shares of Gannett by 53.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,500 shares of the company’s stock worth $141,000 after purchasing an additional 9,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Gannett by 77.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,331 shares of the company’s stock worth $146,000 after purchasing an additional 11,899 shares during the period. ProShare Advisors LLC lifted its stake in shares of Gannett by 62.1% in the 4th quarter. ProShare Advisors LLC now owns 35,204 shares of the company’s stock worth $188,000 after purchasing an additional 13,491 shares during the period. Finally, Inspire Investing LLC bought a new stake in Gannett during the 1st quarter worth approximately $234,000. Institutional investors own 66.18% of the company’s stock.

Insider Activity at Gannett

In related news, Director John Jeffry Louis sold 7,604 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $3.64, for a total value of $27,678.56. Following the completion of the transaction, the director now directly owns 347,722 shares of the company’s stock, valued at $1,265,708.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Gannett Stock Performance

Shares of GCI opened at $3.01 on Tuesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.88 and a quick ratio of 0.82. Gannett Co., Inc. has a 1 year low of $2.45 and a 1 year high of $7.05. The company has a 50 day simple moving average of $3.15 and a two-hundred day simple moving average of $4.14. The firm has a market cap of $441.24 million, a P/E ratio of 4.24 and a beta of 2.31.

Gannett (NYSE:GCIGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter. Gannett had a net margin of 0.14% and a return on equity of 19.60%. The business had revenue of $748.08 million during the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GCI shares. TheStreet upgraded shares of Gannett from a “d+” rating to a “c-” rating in a research note on Tuesday, May 17th. Citigroup decreased their target price on shares of Gannett from $4.25 to $2.65 and set a “sell” rating on the stock in a research note on Thursday, July 7th.

Gannett Profile

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Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites.

See Also

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Institutional Ownership by Quarter for Gannett (NYSE:GCI)

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